You are here
Daily Dispatches
Former Fed governor hints at big upward revaluation of gold
Submitted by cpowell on Fri, 2008-12-12 21:25 Section: Daily Dispatches9:21p ET Friday, December 12, 2008
Dear Friend of GATA and Gold:
Interviewed Monday this week on the "Trading Day" program of Business News Network in Canada, former Federal Reserve Governor Lyle Gramley hinted that a big upward revaluation of gold may figure heavily in the Fed's attempt to rescue the U.S. economy.
Germany's bank bailout has failed, MPs say
Submitted by cpowell on Fri, 2008-12-12 17:25 Section: Daily DispatchesBy Bertrand Benoit and James Wilson
Financial Times, London
Friday, December 12, 2008
http://www.ft.com/cms/s/0/f9569418-c84c-11dd-b86f-000077b07658.html
Germany's banking sector rescue has failed and should be modified urgently if lasting damage to the economy is to be avoided, the MPs who oversee the E500 billion ($668 billion, L449 billion) of funds warned on Friday.
Fed refuses to disclose recipients of $2 trillion
Submitted by cpowell on Fri, 2008-12-12 17:02 Section: Daily Dispatches5p ET Friday, December 12, 2008
Dear Friend of GATA and Gold:
Silver investigation: CFTC does U-turn
Submitted by cpowell on Fri, 2008-12-12 16:36 Section: Daily Dispatches4:36p ET Friday, December 12, 2008
Dear Friend of GATA and Gold:
Rob Mackinlay of Investegate has examined the latest and perhaps more serious review by the U.S. Commodity Futures Trading Commission of complaints of manipulation of the silver market. Mackinlay's report is headlined "Silver Investigation: CFTC Does U-Turn" and you can find it here:
James Turk: More on gold backwardation
Submitted by cpowell on Fri, 2008-12-12 16:29 Section: Daily Dispatches4:27p ET Friday, December 12, 2008
Dear Friend of GATA and Gold:
Swiss may have to print money to stave off deflation
Submitted by cpowell on Thu, 2008-12-11 16:27 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 11, 2008
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3710374/...
The Swiss National Bank has cut interest rates to 0.5 percent and opened the door for emergency stimulus, becoming the first country in Europe to flirt with zero policy rates.
Fear triggers gold shortage, drives Treasury yields below zero
Submitted by cpowell on Wed, 2008-12-10 17:41 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, December 10, 2008
http://www.telegraph.co.uk/finance/economics/3703565/Fear-triggers-gold-...
Growing controversy over gold backwardation
Submitted by cpowell on Wed, 2008-12-10 14:59 Section: Daily Dispatches3p ET Wednesday, December 20, 2008
Dear Friend of GATA and Gold:
If your eyes haven't rolled back in your head from the growing controversy about gold backwardation, Antal Fekete gets even more apocalyptic about it in a new essay at GoldSeek, "There Is No Fever Like Gold Fever," which you can find here:
Ambrose Evans-Pritchard: Commodity crash tests faith in supercycle
Submitted by cpowell on Wed, 2008-12-10 14:38 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, December 10, 2008
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/370266...
Rio Tinto gambled its future by contracting debt on a grand scale to fund its heady expansion near the top of the commodity bubble.
GMAC bank bid failing, bankruptcy may be next
Submitted by cpowell on Wed, 2008-12-10 11:35 Section: Daily DispatchesBy David Mildenberg and Caroline Salas
Bloomberg News
Wednesday, December 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aOYi3RTRwuuQ&refer=home
NEW YORK -- GMAC LLC, the auto and home lender seeking federal aid, hasn't obtained enough capital to become a bank holding company and may abandon the effort, casting new doubt on the firm's ability to survive.
Pages
